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Search Results 0 to 49 of about 89 (some duplicates have been removed)
CSPAN
Oct 8, 2012 7:00am EDT
the economy on both sides of the debate, and felt that it wanted to try my hand at clarifying it. i felt like i needed to make my contribution as best i could, because i done that at bain capital and felt like i need to try something different and it and i had to try to do something that was important. >> host: you mentioned of bain capital. there's a lot of interesting ideas and thoughts in this book. maybe you could tell me where these ideas come from. i these ideas that are developed over a long time from your career in finance? who are your influences in how you think about the economy and what's in the book? >> guest: they probably, it evolves from debates i had with young kids that came out of top schools, came to work for first been consulted and bain capital who wanted to argue economics and politics, and i can't think when you get to be 40 or 45, and i think it evolves from that. but i also benefited greatly from a friendship i had with bruce who is a professor at columbia who i was able to make the arguments to any would frankly say you're right on this but you're stepping on a land
PBS
Oct 5, 2012 6:30pm PDT
see numbers showing there is a widening gap between rich and poor in this country, so the economy could definitely be an achilles' heel, and steinbruck might be in a position to exploit that. he certainly has a lot of financial expertise. the other possible weakness -- that ongoing euro crisis -- angela merkel will be in a tough spot if greece and spain are looking for further bailouts. euro policy also a possible area where she might be susceptible. it will be a very suspense- filled year. >> thanks very much for that. >> we turn to the u.s. now. there is good news this friday for the u.s. jobs market. the unemployment rate dipped below 8% for the first time in four years. >> right now, the figures are about a lot more than just the economy. with one month to go until the presidential election, they are all about politics. >> the latest job numbers were good news for u.s. president barack obama. for the first time since he took office, the unemployment rate fell below 8%. but his challenger, mitt romney, had a different take on the figures. he says they are actually a sign that t
CSPAN
Oct 9, 2012 10:00am EDT
and the greatest peacetime expansion of our economy in the nation's history. by contrast, the decade checked by bush tax rates squandered our budget surpluses, produced net- jobs and culminated in the great recession. the lesson here is that the contrary -- is that contrary to supply-side economics, the level of the top rate does not by itself dictate what happens to gdp. a balanced budget aided by increased revenues just might restore confidence to investors and jump-start our economy. for the third and final element of this tax reform model, we turn to investment income. it is time to reduce the sizable differential and the tax treatment of earned and unearned income. the reduction in the capital gains rate to 15% under president bush was a major contributor to the growth and wealth disparities we see today. the top 1% on average received 20% of incoming capital gains, 10 times as much as the rest of the country. capital gains makes up 60% of the income recorded by the forbes 400. the extremely low 50% rate in effect today is an allied air. it is the lowest rate on investment income since
KCSMMHZ
Oct 12, 2012 6:00am PDT
. the economy is one of the strongest in europe. still, the french, too, feel weighed down under the debt. structure or reform is the way to strengthen europe's union, but world economic leaders are strongly urging the implementation. can europe move into action? >> we are two very positive moves during last month. first with the ecb, second with growth. third with tax on financial transactions, which is going to happen between france, spain, italy, and other countries in europe. we are i believe truly taking into account political necessity to confront this crisis. of course it's too slow. we need to implement reforms. we're working on it. >> reporter: moscovici says the french, all europeans, in fact, should follow through with measures to reduce their debts. he said spending cuts are prerequisites for growth in the long run. >> this is why structural reforms are so necessary. and this is why if we need to deal seriously with that, i don't believe austerity is something good for the people. you cannot have growth in the midterm or long term if you've got austerity forever. we need to ge
CNBC
Oct 10, 2012 4:00am EDT
. germany is opposing the deal. >> lack of action from europe could risk pushing the global economy back into recession. >> you're watching "worldwide exchange," bringing you big news from around the globe. >>> welcome. "worldwide exchange" exchange. it's hump day. >> yes, it is. although it's been a shorter week for me. doesn't quite work that day. i guess i'm already over the hump. >> plenty coming up on today's program. >> indeed. let's take a look at where we'll be going around the world. >> won't attend imf meetings there as tensions between the two countries intensify. the u.s. government suing the nation's biggest mortgage lender. we'll take a look at how the global industry is faring. then it's off to paris. the stricken car maker is downgraded by moody's a day after demonstrators stage protests. we'll have details from the french capital. and we'll head to new york where there's an appetite for young, profits that is, up nearly a quarter from a year earlier. we'll take a look on a big day for earnings on wall street. and a big week that's coming up. joining us now onset, though,
FOX Business
Oct 9, 2012 6:00pm EDT
of commerce to the retail federation. they were discussing the issue and how to get the economy back on track. wall street's top ceos and jpmorgan's dimon saying it's time for a deal. they are tired of kicking the can down the road. avoiding the fiscal cliff requires political sacrifice on both sides. they are not alone wanting a certain degree of state for the markets, and in turn, for investors. joining me is president for america's for tax reform. welcome back to the show. a pleasure to be with you here. >> great to be with you. gerri: they want more in taxes, cutting in spending. with friends like these, who needs enemies, grover? how do you react? >> read today's "new york times," there's an article about the idiot rich businessmen in france who raised taxes a little bit and cut spending and elect the socialist president of france who is now raising their personal income taxes to 75% and their capital gains taxes to 60%, and these very, very smart businessmen who brought this on themselves are running for the borders. gerri: nobody's suggesting that here. in fact -- >> they were not in f
CNBC
Oct 11, 2012 4:00am EDT
more time. >> central banks take action on slowing grow global growth. economy with waiting demand. >>> plus the stakes have been raised for tonight's debate. new polls show the race for the white house has tightened. >>> welcome. it's thursday here on "worldwide exchange" and spain now holding above junk status. >> raising interesting questions as we'll discuss later in the program about investors' ability to maintain exposure to the sovereign. >> s&p move was expected, but it came after the euro group meeting. people now looking to moody's. if spain goes to junk, what does it mean for corporates. >> how many companies have we seen that are big, healthy companies being penalized and may not being able to have people invest in them because their rating is linked to the sovereigns rating. so whether they start to try to detach those or just the pressure it puts on those companies to perhaps look elsewhere. >> speaking to cnbc earlier, blamed the move on the pressure on spain, but more important was the backtracking on using esm to directly capitalize the banks. >> the perceived comm
FOX News
Oct 9, 2012 8:00am PDT
's policies would hurt farmers. the governor talks about his five-point plan to fix the economy, something he says will help everyone from farmers to small businesses. >> i'll make sure our tax policies and our regulatory policies and healthcare, all these things come together to make it easier for small business to grow and thrive. america needs this new direction. we can't go on the path we've been on. we must restore america's strength and i will do it with your help. >> the obama campaign leveling a new attack at governor romney today over his plans to cut spending, specifically cut funding for pbs that would affect big bird. they have a new ad about it on today. >> bernie madoff, gut tons of greed and the evil genius to towered over him. one man has the guts to speak his name. >> big bird, big bird, big bird. >> it's me big bird. >> big yellow, a men as to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> reporter: the republican national committee coming out with its own response, this graphic advertisement that quotes the count from ses
KCSMMHZ
Oct 9, 2012 2:30pm PDT
greeks seem to be ungrateful to boot.% >> thanks very much for that. -- and grateful to -- the economy is shrinking at a rapid rate of 6.5%, so how are company's managing to keep their head above water at all? here is one example. and he urgently needs new foreign customers. domestic sales have collapsed by 80%, but the engineer is finding it harder than anticipated to do business abroad. right now, he is trying for a foothold in india. >> even the farthest indiana backwater we try to sell to has heard of the crisis. people get the information from the internet and local media. they hear about the crisis and naturally, they have reservations. >> hydraulic presses to form metal are just one of the products this firm turns out. he is sure his company will survive, and he is determined to become a poster child for the eu and imf's insistence on exporting, but he does not think many other creek companies will manage that. >> it is simply very difficult for a company to establish itself abroad on short notice. you have to set up offices there as well as a lot of other things. a lot of compa
SFGTV2
Oct 10, 2012 6:30am PDT
economies to fwroe and our dialog in our country is the urban cities that have to create the new jobs for the new economy. i know paris must do so as well, and if we work tokt, we can create those and instigate and innovate our new ideas for the new economy and our mutual obligations on the environment, and then there is something that paris and san francisco hold very dearly and that's an ongoing conversation about our human rights as world leaders, so it's human rights, it's the environment, it's the economy and these are the reasons why we hold our relationship with paris and with all the other great cities of the world in a sister city relationship so dearly, we learn from each other, we send delegations to each other, we welcome each other to the city but in each and every instance, we are always thinking about ideas about how we can help each other and help regions improve, so i am excited to have met with the mayor just a few minutes ago to reaffirm our relationship and we'll sign that in a few moments to document that and to promise each other that we will continue this very
CNBC
Oct 9, 2012 6:00am EDT
that the global economy has weakened further and now predicts slower growth for the next year. the advanced economies like the u.s., imf saying growth now too slow to make a serious dent in unemployment. meantime the imf predicting growth will begin to slow down in emerging economies such as china. the global forecast now at 3.3% for this year. by the way, that is down from the july estimate of 3.5%. >> you can call it general feeling of uncertainty about the future. worries about the ability of european policymakers who controlle euro crisis, worries about the failure of u.s. policymakers to agree on a fiscal plan. >> as for greece, the imf sees athens missing that five year at the time reduction target that underpins the euro bailout. so they could have problems. and also warning that spain will likely miss its targets in 2012 and 2013 and debt will jump to more than 90% of gdp as it recapitalizes its banking sector. joe. >> i'm looking at an interesting piece on the imf. what got me is that it will slow to 3.3. and what that shows you is the contribution from developing nations. >> china
CSPAN
Oct 12, 2012 12:00pm EDT
think algerians would focus on surviving in the informal economy, but algeria will effectively return to the it is status quo. it'll be this big, glaring absence in north africa. the largest country in africa disengages from the international community, solutions to the instability that dr. zoubir mentioned, solutions to the instability in sir car or northern -- syria or northern mali. what would make this all the more glaring is if our worst fears about libya were to come to pass. as i mentioned before, the libyan government is very much committed to the road map they've laid out, they're very committed to the political process, but i'd like to bring you back to the middle of 2011. at the time, gadhafi's head of external security defected. and when he defected, he warned that libya would become like somalia. and at the time i think most frames of references were to mogadishu, to a black hawk down moment. and, unfortunately, we have had a black hawk down moment in benghazi. but i think he's, you know, a are nuanced guy. and what i think he was referring to was a much broader frame of
CSPAN
Oct 9, 2012 1:00am EDT
in every year. that's the way to do it. set priorities, make cuts but also grow the economy. >> now time for our closing statements and by the order of coin flip, mr. allen, you go first. >> well, thank you for the opportunity to have this debate and thank you all again for watching. there's a lot at stake in this election. it's a pivotal election but it's going to determine the trajectory of our country. whether there will be changes in the united states senate, if tim is in, he will be in there for the same folks he's campaigning for all of these years when he was chair of the democratic national committee, ignoring the needs, dire needs of people in virginia. i want to see change in washington, those positive, constructive ideas that can get this country going in the right direction. i believe we ought to get united behind the mission of sending a message to the world that america is open for business again. i think that anybody who pays taxes should be on our side unless you want to pay higher taxes. if you use electricity, you ought on our side. if you want more affordable electrici
WHUT
Oct 12, 2012 7:00am EDT
of what the world spends on soft drinks every year. now arguments over the economy, social policy and presence on the world stage. there's not only talking points in europe. joe biden and his republican rival paul ryan held their one and only debate from kentucky last night. >> we welcome vice president joe biden and congressman paul ryan. >> the grizzled warrior and the young pretender, squaring up for a contest that would prove as entertaining as it was brutal. they began on libya and the attack on a consulate. >> it took the president two weeks to acknowledge that this was a terrorist attack. what we are watching on the tv screen is the unraveling of the obama foreign policy. >> with all due respect, what you just said is malarkey. >> he didn't make amends for his boss' -- on iran, he accused the republicans of loose talk. >> it was on the ascenden as i when we took office. it is now totally isolated. >> and he went where barack obama would not by referring to the secretly-filmed video where romney referred to the middle class as -- >> with respect to that quote, i think the vi
FOX News
Oct 13, 2012 1:00am PDT
, the candidates laid out two very different visions to fix the economy. whiled by continue wants to raise the taxes on the so-called rich. paul ryan called for this plan. >> cut taxes by 20% and preserve important preferences for middle class taxpayers. >> not mathematically possible. >> it is mathematically possible. it's been done before. it is precisely what we are proposing. >> it's never been done before. >> it has been proposed. taxes increase. >> now you are jack kennedy. >> when ryan's proposal end up resonating with independent voters with us is lou dobbs. okay, lou, so biden was trying to make this all out to be a bunch of funny biz with the numbers. like these numbers don't add up and there is no way you can do this. you are not giving us enough in the way of specifics. how did riden rate here. >> score this one for congressman ryan. in point of fact he is right. historically it has been done. the concept of reducing marginal tax rates which is the romney plan has been tested and historically and jack kennedy by the day with play a role. and for the record congressman ryan wasn
CSPAN
Oct 12, 2012 10:30pm EDT
with their fairs, so we can develop geothermal energy and boost our economy. and the way we're going to go about doing it is public/private partnerships with local input and authority so that we can come together and stop this bickering and attack talk and all this other stuff that congresswoman bono mack is so adept at and skilled, but really come up with some problem-solving solutions. and that's what's missing in congress, and that's what's missing in congresswoman bono mack. >> all right, thank you, dr. ruiz. congresswoman, you have one minute. >> thank you. first of all, let me go to this constant bickering that i'm hearing about bickering. you have done nothing, dr. ruiz, at all to take responsibility. you haven't even had a plan for the sea until now that it's been asked of you. clearly you don't understand the complexities of the sea. i would love to know what your thoughts are on the quantification settlement agreement. how do we take control from the state of california? this is what it's all about, dr. ruiz. i and others, including partners like senator feinstein, senator denise due c
CSPAN
Oct 12, 2012 9:00am EDT
calculated. but the biggest challenge with the pgd is the economy i think. how to reconcile the desire to advance morocco's standing in international rankings, rocco's economic competitiveness with its calls for social justice. morocco's economic -- complicated by several factors. as i said the pgd only holds 107 seats out of 395 seats in the lower elected house of parliament. it only has 11 out of 31 ministers, cabinet posts. the upper house is also indirectly elected, which is indirectly elected by notables still dominated by a regime supported. when the government was formed, the pgd expected economic growth to be 7%. that was revised to 5% and then now to 3.5%. this will have repercussions on the pgd. so just to conclude and then can open up the question, thinking you still in charge. his personal legitimacy remains intact. he still very popular, usually. most moroccans desperately want change but insists on a peaceful transition that hurts the country down, taking the country down the risk of destabilization protests, which would necessary meet with violence state, repression. i h
CSPAN
Oct 9, 2012 1:00pm EDT
of everything, and agriculture, oil and gas, natural resources. our recreation economy is $3 billion a year in this state to make sure we have opportunities for recreation out there. do not tell me it can be just one industry. it has to be a bunch of industries out there. >> thank you. we have run out of time for questions. and we will give each candidate to minutes for closing statements about their campaign to be montana's representatives in the u.s. senate. senator tester will go first, followed by rep river. >> i want to thank everybody in the audience and on the panel and everyone who is listening tonight. how many people in this audience are from the silly -- the city of billings. raise your hand. thank you very much. congressman rewhberg is suing each and everyone of you. i have talked about montana and people working together. the first thing you do when you've got a grass fire, the firefighters put it out and they put their but on their line and you do not respond and say thank you by filing a lawsuit, which is exactly what he did. that is not moving the committee forward. it has b
CNBC
Oct 8, 2012 4:00am EDT
, the domestic economy and the overall gdp numbers will still remain weak in china because of the weakness in manufacturing and exports. but overall, we still think there is a good chance for the chinese economy to rebound in the first half of 2013 and also we expect china to solve the la soft land. >> what is the definition of a soft land in terms of numbers for you? >> well, i would say china would likely retain growth and see the growth number rebound from there in the first half of 2013. more than like 8% or slightly above it. >> what does that mean for the chinese stock market? it's been a big under performer. hoard a week off. hasn't been tell already today. so what happens the rest of the fourth quarter with that economic backdrop? >> fourth quarter, first day of the quarter is not doing too well of a taker week long vacation despite strength in the overseas markets. i think that's because the market is still digesting the slowdown in macro numbers as well as slow down in earnings growth. but i will say that the market is above defined bottoms. fourth quarter probably first half wou
PBS
Oct 9, 2012 9:00pm EDT
the american economy and essentially saved it by kicking out all of these good-for-nothing ceos and making companies, once again, economically efficient and productive. these folks think they're heroes and they saved america. and the public thinks they are villains and their whole job is to enrich themselves and destroy jobs. >> narrator: the aftermath of some of the leveraged buyout deals was devastating: bankruptcies, factory closures, employees laid off. >> bain capital was never set up to be a job creation program. it was set up to make wealthy investors even wealthier. they didn't sit around the table talking about how many jobs this would create. oftentimes it was the opposite, how many jobs could be cut to make the company more efficient. >> mitt is a person who wants to be successful. making money is how you're measured in the private equity and venture capital business, but you're making money for your investors first and foremost, and that was always mitt's focus was to make money for them. >> narrator: the way those closest to him tell it, he had come to see himself as a white k
CNN
Oct 12, 2012 5:00pm PDT
him on. >> they said that right now if we just passed the stimulus, the economy would grow at 4%. it's growing at 1.3. >> i love my friend here. i'm not allowed to show letters but go on our website, he sent me two letters saying by the way, can you send me some stimulus money for companies here in the state of wisconsin. we sent millions of dollars. you know why -- >> you did ask for stimulus money, correct? >> sure he did. >> on two occasions we advocated for constituents who were applying for grants. that's what we do. we do that for all constituents applying for grants. >> i love that. i love that. this is such a bad program and he writes me a letter saying -- writes the department of energy a letter saying the reason we need this stimulus, it will create growth and jobs. his words. and now he's sitting here looking at me and by the way, that program, again, investigate it. what the congress said was it was a model. less than 4/10 of 1% of waste and fraud in the program. >> you hear the vice present talk about two letters that congressman ryan sent requesting stimulus money for h
PBS
Oct 11, 2012 12:00am PDT
next week. and he hammered away on the economy. >> my whole passion is about helping the american people who are struggling right now. that's what this is about. the president says he's for middle class. how've they done under his presidency? not so well. i want to help the middle class get good jobs and better take- home pay. i know how to do that. >> sreenivasan: romney also underscored his anti-abortion stance after saying tuesday that he would not pursue abortion- related measures if he's elected. today, he told reporters, "i'll be a pro-life president." meanwhile, president obama spent the day at the white house. in an interview with radio host tom joyner, he said he's not surprised by the tightening polls. >> governor romney kept on making mistakes month after month so it made it looked artificially like this was, might end up being a cakewalk. but we understood internally that it never would be. that it was going to tight, it tightened over the last three or four days, but it could have tightened after the convention if they hadn't had such a bad convention. >> sreenivasan:
CNBC
Oct 10, 2012 6:00am EDT
about china's slumping economy and that's probably the bigger and more important piece of all of this. the ceo cautioning that the company's noticed a slight slowdown in some regions and end markets, namely china, lowering those expectations by a percent across the board. let's talk about where shares of alcoa are going. they have risen, though, in after hours. the company is raising its four-year outlook after sales held up despite cooling economic growth, shares rising on the news after the bell. and early this morning, costco out with its results. the warehouse operator's earnings and sales beat estimates, joe, so are you a costco -- >> never been. >> never been to costco? >> i don't shop, though, andrew. you've been? you need a truck to bring your toilet paper snohome? >> you've been to walmart? >> i've been to walmart a couple times. >> i'm not a huge shopper. >> jim cramer is a huge costco fans. they have all kinds of scavenger hunts you can go on to find all kinds of good deals. out with better than expected earnings. >> every quarter since its first, you always see the financi
FOX News
Oct 6, 2012 4:00pm PDT
at some point he will speak on the economy and as we own do when the cand dates are on the trail we'll dip in here on the fox report. we'll take a quick break and when we come back. we'll talk to carl cameron who is at the rally as well for now, the jit jit outbreak that we reported on fox report claimed another life . we nound out that today. and within growing concerns that many more people who got steroid injections for back pain may be showing deadly symptoms. the cvc is looking out. new details straight ahead. this is it a potential to be a disastrous. a race car driver losing control and on a collision choice with an utility pole. if you think it looks bad from the air look inside of the car . stay with us. . ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do turn-
CNN
Oct 11, 2012 4:00am PDT
they're talking about, you'll see voters understand that the best plan for moving our economy forward lies with the president. >> most people who were polled, it's not a giant gap, but it's a substantial gap, i think it's fair to say, think that paul ryan is going to win, if you will, win the debate. if you pop up that poll there. what do you think are the biggest strengths and weaknesses? and be genuine, strengths and weaknesses of the vice president? >> at the end of the day, this is a wonderful thing. if you want an authentic politician, there's no more raw, authentic politics than you get from the vice president. he is who he is. and i'm hoping that comes on tonight. because i think the american public are going to see a guy who's really passionate and gets very excited about the dramatic differences. now, that means that sometimes people accuse him of going off-script or whatever. >> which he does. accuse him and he does. >> but that's refreshing to me. i really crave,rom both sides. this is why i liked mccain back in 1992, when he was running. because it was a rawness, it was a
Search Results 0 to 49 of about 89 (some duplicates have been removed)